All posts tagged "trust companies"
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550ChinaCBIRC Issues New Rules to Manage Trust Industry Risks
The rules set out requirements for 'guarantee funds' and 'liquidity mutual aid funds' to help the trust industry manage risk.
February 18, 2022 -
261ChinaCBIRC Asks Banks, Insurers to Finance Technology Innovation
The CBIRC says it actively supports direct and indirect financing of tech enterprises, on the premise of "controllable risks and compliance with laws and regulations".
December 22, 2021 -
940AML / KYCBNM Unveils Initial Findings of Malaysia National Risk Assessment
BNM is using technology to improve its risk-based supervision, intelligence analysis, data science techniques and off-site surveillance.
December 6, 2021 -
302Asia-PacificBSP Allows Digital Banks to Participate in Monetary Operations
Digital banks and unit investment trust funds can also participate in the secondary market for central bank securities.
December 1, 2021 -
166China
CBIRC Orders Trust Companies to Divest Non-financial Subsidiaries
Trust companies can retain just one non-financial subsidiary whose business covers investment management or asset management. The remaining subsidiaries must be liquidated.
August 5, 2021 -
422EnforcementMAS Proposes to Enhance Investigative, Supervision Powers
New powers will allow MAS to issue legally-binding directions to FIs in relation to unregulated business in bitcoin futures and other payment token derivatives traded on overseas exchanges.
July 5, 2021 -
225China
CBIRC Bans Ex-President of Sichuan Trust for 8 Years
Former Sichuan Trust president Chen Jun is being punished for his role in the firm's failure to repay investors about CNY 25 billion.
June 30, 2021 -
385Securities & TradingTaiwan FSC to Make Environmental Disclosures Mandatory
Listed companies will be required to make mandatory disclosures on their carbon emissions, water usage and waste management starting next year.
June 18, 2021 -
189ChinaChinese Police Detain Sichuan Trust Boss Over Missing Funds
Liu Canglong, who controls companies with a majority stake in Sichuan Trust, is being held by the public security bureau in Chengdu.
June 9, 2021 -
1.4KMarket InfrastructureMAS to Expand Scope of Mandatory Reference Check Regime
MAS proposes to expand the scope of FIs and employees subject to the mandatory reference checking regime. FIs will have to maintain records for all employees.
May 17, 2021
